Common use of PENSION AND BENEFITS Clause in Contracts

PENSION AND BENEFITS. 25.01 Employees of the Canadian Media Guild shall receive, annually, twenty per cent (20%) of base salary in lieu of pension and benefits. They may use that amount to buy coverage through the CMGEU-CMG benefits plan or to continue in a pension and benefits plan of a former employer where a CMG collective agreement exists and such participation is permitted.

PENSION AND BENEFITS. 25.01 Employees of the Canadian Media Guild shall receive, annually, twenty per cent (20%) of base salary in lieu of pension and benefits. They may use that amount to buy coverage through the CMGEUUnion-CMG benefits plan or to continue in a pension and benefits plan of a former employer where a CMG collective agreement exists and such participation is permitted.